Media stories about Iberiabank (NASDAQ:IBKC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Iberiabank earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 46.781133523051 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
A number of research firms recently weighed in on IBKC. Zacks Investment Research upgraded Iberiabank from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Wednesday, April 4th. BidaskClub cut Iberiabank from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Raymond James Financial restated an “outperform” rating on shares of Iberiabank in a research note on Wednesday, December 20th. Piper Jaffray set a $95.00 price target on Iberiabank and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, Iberia Capital cut Iberiabank from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, December 20th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Iberiabank presently has a consensus rating of “Buy” and a consensus price target of $89.55.
Shares of NASDAQ IBKC opened at $78.00 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. Iberiabank has a one year low of $68.55 and a one year high of $87.55. The firm has a market capitalization of $4,205.14, a price-to-earnings ratio of 17.45, a PEG ratio of 1.52 and a beta of 1.41.
Iberiabank (NASDAQ:IBKC) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.07. Iberiabank had a return on equity of 6.86% and a net margin of 12.66%. The firm had revenue of $290.16 million for the quarter, compared to analyst estimates of $285.17 million. During the same period in the prior year, the firm posted $1.16 EPS. The company’s revenue for the quarter was up 35.0% on a year-over-year basis. equities analysts forecast that Iberiabank will post 6.42 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, March 30th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.95%. This is a positive change from Iberiabank’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Wednesday, March 28th. Iberiabank’s dividend payout ratio is currently 34.00%.
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Iberiabank Company Profile
IBERIABANK Corporation operates as the holding company for IBERIABANK that provides commercial and retail banking products and services in the United States. It offers various commercial, consumer, mortgage, and private banking products and services; cash management services; deposit and annuity products; and brokerage services, as well as sells variable annuities.
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